MANAGEMENT

Who Killed MF Global? Corzine Blames Nearly Everyone but Himself

Corzine painting
Outside consultants, accountants, regulators, and people who were at the company “before I arrived” all took actions that undermined the stability of the company, Corzine is set to tell the House Committee on Agriculture today, according to his written comments. Not responsible, though as Corzine acknowledges are “one of the recurrent themes in the media” was the firm’s relatively high ratio of leverage or its exposure to European sovereign debt.

Arsenal News: Who the Gunners Could Face Next in the Champions League

English Premier League club Arsenal booked their place in the first knock-out round of the UEFA Champions League this year and now know the complete list of potential opponent for the next round. The draw for the knockout stages will now be held on Dec. 16 in Nyon, Switzerland. This season's Champions League will conclude at the Allianz Arena in Munich, Germany.
More news
IBTimes Logo

ON THE MOVE:Advisory firm poaches three from Morgan Stanley

Washington Wealth Management, a start-up that is expanding nationwide by poaching Wall Street brokers and managers, on Wednesday said it hired three Morgan Stanley Smith Barney producers and opened offices near Las Vegas and San Diego.
IBTimes Logo

PacSun gets PE loan, to close up to 200 stores

Pacific Sunwear of California Inc said it received a $60 million loan from private equity firm Golden Gate Capital in return for two board seats and the right to buy a 20 percent stake in the teen retailer.
Republicans fume as Keystone oil pipeline rejected

Keystone overshadows U.S.-Canada border deal

The United States and Canada have agreed to speed up food and other cargo shipments across their border and to sync some regulations related to drugs and cars, U.S. and Canadian officials said on Wednesday.
Raj Rajaratnam at sentencing

Hedge Funds Getting It From All Sides... Or Not

To hear it from one side, private equity and hedge fund managers are under a veritable siege: under attack from politicians, regulators, an ornery market and uneasy clients. But the hedge fund managers themselves seem to be saying all is good in Greenwich.

What Does New York's Medicare-Medicaid Integration Mean for MCOs?

New York State's Medicaid Redesign Team (MRT) recently published its final recommendations to the New York State Dept. of Health, proposing a model that would fully integrate Medicaid and Medicare services for those eligible for both programs (dual eligibility).
Olympus Corp President Takayama and accounting division's official Onishi bow at the start of a news conference in Tokyo

Olympus Board Signals it will Quit

Olympus Corp's board signaled plans to quit over a $1.7 billion accounting fraud, but will likely pick a team of potential successors, triggering a battle for control of the Japanese firm with the former CEO who blew the whistle on the scandal.
McAfee corporate homepage

McAfee cuts 3 percent of workforce

Security software maker McAfee laid off about 250 workers, equivalent to 3 percent of its workforce, in a bid to focus on core businesses and improve efficiency in a market led by rival Symantec.
Diamond

Diamond demand to outpace supply growth to 2020-Bain

Chinese and Indian appetite for diamonds will fuel demand growth of more than 6 percent a year over the next decade and almost double the size of the market, far outpacing supply increases limited by a lack of new mines, Bain & Company said in a report.
Europe's Markets

Europe's Markets Close Mostly Lower Tuesday on S&P Warning

European equities finished weaker in a choppy, thinly-traded session on Tuesday, led lower by retail shares after the world's No.4 retailer Metro issued a profit warning saying the Eurozone debt crisis was undermining consumer confidence.
Alan Brown

Schroders Plc Prefers Cash and Gold, Not Equities

Schroders holds the lowest position possible in equities and has extremely high levels of gold and cash, reflecting its concern about recession in the developed world and a failure to resolve the euro zone debt crisis, its chief investment officer said on Tuesday.

Pages

  • MOST READ

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.